POSB or Post Office Savings Bank was established in Singapore in the year 1877. Since its inception, POSB has been providing its customers top notch banking products and financial services. DBS Bank acquired POSB in the year 1998 and since then POSB has been serving its customers under the newly assumed DBS banner. Before the takeover occurred, POSB used to provide its services to Singapore at a significantly low cost. However, DBS has also promised to uphold this POSB tradition and serve its customers in the same way POSB did before the acquisition. The bank has a widespread network of ATMs and bank branches strategically located across the island to serve its customers with utmost ease and convenience.
You can opt for the POSB Credit Card Instalment Loan to get quick cash within your available credit limit with flexible repayment tenures and complete financial control to manage all your finances.
For a loan of SGD 5000 with a 2% processing fee –
Note: The values in the table have been rounded off for the purpose of illustration.
|Loan Tenure||Applied Interest Rate||Effective Interest Rate||Monthly Installment Amount|
|12 Months||6.99% per annum||16.20% per annum||SGD 446|
|24 Months||6.99% per annum||14.66 per annum||SGD 238|
|36 Months||6.99% per annum||13.96 per annum||SGD 169|
|48 Months||6.99% per annum||13.50 per annum||SGD 134|
|60 Months||6.99% per annum||13.14 per annum||SGD 113|
You can apply for the POSB Credit Card Instalment Loan by filling the Contact Form available on the POSB official website. The bank will then contact you to provide any further information on this instalment loan and follow through with the application process.
If your request has been made before 2 PM on all weekdays, you will get the cash on the same day. For requests made after 2 PM on weekdays or weekends (Saturday and Sunday) and on all public holidays, you will receive the cash on the next working day.
Yes. The 2% processing fee charge will be included when your final Effective Rate Interest for your loan tenure is computed for your POSB Credit Card Instalment Loan.
No. There is no minimum withdrawal amount for the cash advance withdrawal. However, you can withdraw a maximum of SGD 3000 per day at any POSB or DBS ATM.
You can call the POSB Customer Service Hotline that is available locally as well as overseas to get your Credit Card PIN, after which you can make a cash advance withdrawal through an ATM.
You can apply for the POSB Credit Card Instalment Loan by filling the online contact form available on the official POSB website. The bank will then contact you and provide any additional information on the installment loan and the application process.